As a vast ensemble of various background technologies, including virtual and augmented reality (VR/AR), cloud computing, blockchains, digital assets, the metaverse is widely hyped as the internet’s next big thing and is having implications on all aspects of our society, including entertainment, gaming, art, finance, distribution, medical services, and others. Besides, in a fully immersive metaverse, transactions are generally monetized using cryptocurrency or NFTs (Non-Fungible Tokens), further evidencing the reality-like commercial possibilities in this virtual universe.

Such rapid growth and development in this uncharted territory see the rise of many new legal issues. While the legal and regulatory community for the implications of the metaverse is being built, it is still early. Existing legal schemes make even an awkward fit in tasking with novel issues arising from new technology.

Lee & Ko’s Metaverse Team consists of experts from various practice areas such as Intellectual Property, TMT, Digital Finance, NFT, Privacy, who have industry-leading expertise as well as an advanced understanding of the technologies that underpin this new sector of metaverse. From the establishment stage of metaverse, our team advises its clients on a diverse range of cases and is renowned for its exceptional abilities to provide insightful advice tailored to meet the client’s goal.

Keeping abreast with new, rapidly-changing trends in the metaverse sector and based on our accumulated experience and comprehensive analysis of various regulatory, legal and technical issues, Lee & Ko’s Metaverse Team is pioneering the metaverse related legal markets by providing highly qualified legal services and advice to the clients.

Expertise

Providing legal advice on intellectual property infringement issues such as copyright and trademark rights related to the implementation of the metaverse
Providing legal advice on all legal issues related to digital asset transactions such as NFT in the metaverse
Advising on various legal issues related to blockchain-based token reward structures such as P2E games
Advising on legal issues related to e-commerce and financial activities in the metaverse
Advising on various legal issues related to the collection and processing of data such as personal/biometric/geographic information in the metaverse
Advising on all relevant legal issues related to the realization of Digital Me, such as infringement of privacy/personality/publicity rights, and representing in cases involving sexual crimes in such virtual reality
Advising on various regulations related to Digital Twin implementation
Advising on legislation related to environmental regulations of metaverse